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Posted: Thu Jan 17, 2013 9:57 am
by sostressed
do mortgage lenders actually approve remortgage whilst your in an iva, one of my creditors was my mortgage company as I had an unsecured loan with them ??
Posted: Thu Jan 17, 2013 10:24 am
by Niobe
HI,
You are highly unlikely to be able to get a remortgage whilst in your IVA regardless of whether your provider is a creditor or not.
Posted: Fri Jan 18, 2013 9:48 am
by Shining
Best to advice from your IP but a lot of the time if there is equity further payments can be made in lieu of this.
Posted: Fri Jan 18, 2013 1:12 pm
by Ryan
Hi
There are no mortgage lenders who will lend to remortgage, to release equity to you whilst the IVA is still open.
This is not a bad thing, as you can speak to your IP and they will normally extend the IVA for 12mths.
Hope this helps, good luck
Posted: Fri Jan 18, 2013 5:30 pm
by Jeano99
Hi Ryan
If a remortgage is unlikely, can a secured loan be forced upon you ??
I'm unsure of some of the wording ( 3rd party ) in my iva